third to to wind down of aig fp willave to be substantially completed. fourth aig will need to do destiny potential cash needs or credit ratings representing a drag on the company rating. fifth the company was to demonstrate its core insurance subsidiaries are profitable ll-capitalized and have repaired the damage to their franchises. finally the company will have to demonstrate it has improved its risk management procedures and practices. today as you have heard, aig has made significant progress of each critical front. the pending aia and ella co-divestitures wi rult in a balance sheet of facilitated access to third-party capital. aig's this is that taxes for long-term debt market allowing them to refinance maturing debt and makeheir own needs without recourse from the parent. the wind downof fps made significant progress in targeted completion by. the core businesses of aig's future and its risk management practices have improved. at the conclusion of this process once again sustain an investment grade rating witht government support the government wil

third to to wind down of aig fp will have to be substantially completed. fourth aig will need to do destiny potential cash needs or credit ratings representing a drag on the ompany rating. fifth the company was to demonstrate itscore insurance subsidiaries are profitable well-capitalized and have repaired the damage to their franchises. finally the company will have to demonstrate it has improved its risk management procedures and practices. today as you have heard, aig has made significant progress of each critical front. the pending aia and ella co-divestitures will result in a balance sheet of facilitated access to third-party capital. aig's this is that taxes for long-term debt market allowing them to refinance maturing debt and make their own needs without recourse from the parent. the wind down of fps made significant progress in targeted completion by. the core businesses of aig's future and its risk management practices have improved. at the conclusion of this process once again sustain an investment grade rating without government support the gover

look at aig in the people at aig the 10 people that reported to me when i got there, those 10 peoe plus $168 million of their prior pay because of what happened at that fp. they lost 168 million. five senior people at fp, those five people lost $88 million of their prior pay. their pay has always been at riskor a five-year pure mac of time through stock and cash plan so you have got to have something other than pay. you have to reward pay. you have to have risk in the pay process. you have to have controls but at the end of the day the real challenge is to make sure you have good risk management and good management of the company and not rely on the compensation system either way. we have to run the company the right way so i can tell you what fp that was never the case of getting rewarded in one year. >> never the case? >> never the case. >> doesn't seem from what i've read a least in the press that 2:45 in the afternoon there were some guys in the 14th hole hitting off because they made a lot of money at that fp and then left. but they left the damage behind. >> there are people who work there and i will tell you in the last five years, most of their